CoStar Group (NASDAQ:CSGP) Shares Gap Down After Analyst Downgrade

Posted by Francis Steltz on Oct 28th, 2026

CoStar Group, Inc. (NASDAQ:CSGP – Get Free Report) gapped down prior to trading on Wednesday after BTIG Research lowered their price target on the stock from $42.00 to $35.00. The stock had previously closed at $32.01, but opened at $30.00. BTIG Research currently has a buy rating on the stock. CoStar Group shares last traded at $29.01, with a volume of 2,152,757 shares changing hands.

Other equities analysts have also issued research reports about the company. The Goldman Sachs Group reissued a “buy” rating and set a $40.00 price target on shares of CoStar Group in a report on Wednesday, July 29th. JPMorgan Chase & Co. reduced their price target on shares of CoStar Group from $58.00 to $52.00 and set an “overweight” rating for the company in a research report on Wednesday, July 29th. Royal Bank Of Canada set a $34.00 price objective on shares of CoStar Group and gave the stock a “sector perform” rating in a research report on Monday, July 13th. Wells Fargo & Company set a $35.00 price target on CoStar Group in a research report on Wednesday. Finally, Robert W. Baird set a $34.00 price objective on shares of CoStar Group and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Ten analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, CoStar Group currently has an average rating of “Hold” and an average target price of $39.53.

Check Out Our Latest Research Report on CSGP

Insider Activity at CoStar Group

In related news, CAO Cynthia Cammett Cann sold 4,788 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $30.78, for a total transaction of $147,374.64. Following the transaction, the chief accounting officer directly owned 18,822 shares of the company’s stock, valued at approximately $579,341.16. The trade was a 20.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew C. Florance bought 83,300 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was purchased at an average price of $29.89 per share, with a total value of $2,489,837.00. Following the completion of the purchase, the chief executive officer directly owned 1,806,165 shares of the company’s stock, valued at approximately $53,986,271.85. This trade represents a 4.83% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.18% of the stock is owned by insiders.

Key Headlines Impacting CoStar Group

Here are the key news stories impacting CoStar Group this week:

Positive Sentiment: Strong third-quarter results and higher guidance: CoStar reported record revenue of $952 million, up approximately 14% year over year, while adjusted EBITDA reached a record $229 million—roughly double the prior-year level. Adjusted EPS of $0.38 exceeded the $0.34 consensus estimate, and the company raised its 2026 adjusted EBITDA outlook to $820 million-$840 million while targeting $1.25 billion in 2028. CoStar Group third-quarter results
Positive Sentiment: Vexcel acquisition expands data capabilities: CoStar agreed to acquire Vexcel for approximately $730 million, adding high-resolution aerial imagery that could improve property search, analytics and digital-twin products. The deal may strengthen CoStar’s competitive position, although investors will assess its integration and return on investment. CoStar to acquire Vexcel
Positive Sentiment: Some analysts see upside: Needham reaffirmed its “buy” rating with a $40 price target, while BTIG maintained a “buy” rating despite reducing its target from $42 to $35. Those targets imply potential upside from current levels. Analyst ratings

Institutional Investors Weigh In On CoStar Group

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in CoStar Group in the second quarter worth $957,612,000. Bamco Inc. NY bought a new stake in shares of CoStar Group during the second quarter valued at approximately $612,470,000. Principal Financial Group Inc. raised its stake in CoStar Group by 0.7% during the 1st quarter. Principal Financial Group Inc. now owns 17,696,192 shares of the technology company’s stock valued at $713,866,000 after acquiring an additional 130,118 shares in the last quarter. Jupiter Topco LLC bought a new stake in shares of CoStar Group during the second quarter valued at about $221,826,000. Finally, Janus Henderson Group PLC raised its position in shares of CoStar Group by 3.4% during the 1st quarter. Janus Henderson Group PLC now owns 7,724,152 shares of the technology company’s stock worth $311,586,000 after buying an additional 250,772 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

CoStar Group Stock Down 11.4%

The stock has a market capitalization of $11.49 billion, a price-to-earnings ratio of 150.48 and a beta of 0.80. The business has a 50-day simple moving average of $30.56 and a two-hundred day simple moving average of $37.41.

CoStar Group (NASDAQ:CSGP – Get Free Report) last issued its earnings results on Tuesday, October 27th. The technology company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The business had revenue of $952.00 million for the quarter, compared to the consensus estimate of $945.82 million. The company’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.23 earnings per share. On average, analysts forecast that CoStar Group, Inc. will post 1.07 EPS for the current year.

CoStar Group Company Profile

(Get Free Report)

CoStar Group, Inc is a provider of information, analytics, and online marketplaces for the commercial and residential real estate industries. The company collects, analyzes, and distributes property and market data to real estate professionals, investors, lenders, and other businesses.

Its brands and services include CoStar, which offers commercial real estate data and research; LoopNet, a marketplace for commercial property listings; Apartments.com, a rental housing marketplace; and Homes.com, a residential real estate platform.